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Anchor description
Anchor is a cloud-based billing and payment software designed for businesses of all sizes. It automates the entire billing process, from creating proposals and agreements to sending invoices and receiving payments. Anchor also offers client portals, payment reminders, and integrations with popular accounting software like QuickBooks. This eliminates manual tasks, reduces errors, and helps businesses get paid faster. Anchor charges a flat fee per payment received, making it a cost-effective solution for businesses looking to streamline their billing operations.
What companies are using Anchor?
Who is Anchor best for
Anchor is a cloud-based billing and payment software that automates the entire billing process, from proposals to payments. Users love its ease of use and QuickBooks integration, but some dislike the limited proposal customization and reporting options. The flat-fee pricing makes it cost-effective for small and medium businesses.
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Best for small to medium-sized businesses (1-100 employees) seeking streamlined billing.
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Ideal for client-based businesses in finance, professional services, and related sectors.
Anchor features
Supported Clients can access invoices and payment history via a dedicated portal. |
Supported Anchor supports QuickBooks Online integration for automatic synchronization of financial data. |
Supported Anchor automatically sends payment reminders via email and SMS. |
Supported Anchor automates invoice generation and sending, supporting recurring and one-time billing. |
Supported Anchor supports creating and customizing professional sales proposals. |
Supported Anchor automates the entire invoice lifecycle, from creation and sending to payment collection and reconciliation. |
Anchor reviews
We've summarised 26 Anchor reviews (Anchor G2 reviews) and summarised the main points below.
- Easy to use and intuitive interface for creating proposals and managing billing.
- Automates billing and collections, reducing manual effort and saving time.
- Flat-fee pricing model, making it cost-effective.
- Seamless integration with QuickBooks.
- Excellent customer support, responsive and helpful.
- Slow payment processing times, with delays between client payment and funds availability.
- Limited customization options for proposal templates.
- Lack of control over reminders for unsigned proposals.
- No option to set expiration dates on proposals.
- Difficult to add multiple payment methods from the client-side.
- Limited reporting customization and data export options.
- No annual recurring billing function.
Anchor pricing
The commentary is based on 9 reviews from Anchor G2 reviews.
Anchor's pricing model is transaction-based, charging a flat fee of $5 per payment received. All other features, including unlimited proposals, agreements, automated billing, and human support, are included at no extra cost. Clients pay a 2.9% + $0.30 fee for credit card payments.
Users sentiment
See the Anchor pricing page.
Includes all features and tools, unlimited proposals and agreements, automated billing and payments, pre-approved payment methods, full transparency, and personal human support.
Anchor alternatives
IgnitionAutomate client proposals, billing, and payments. Integrates with Xero, QuickBooks.Read more
SequenceAutomated billing platform for usage-based pricing, simplifying complex SaaS billing.Read more
BillingPlatformFlexible billing software for complex enterprise needs. Automates revenue operations.Read more
Anchor FAQ
Anchor is a cloud-based billing and payment software that automates the entire billing process, from proposals to payments. It offers client portals, payment reminders, and integrates with accounting software like QuickBooks, helping businesses get paid faster and reduce manual tasks. It features a flat fee per transaction.
What is Anchor and what does Anchor do?
Anchor is a cloud-based billing and payment software that automates the entire billing process, from proposals to payments. It offers client portals, payment reminders, and integrates with accounting software like QuickBooks, helping businesses get paid faster and reduce manual tasks. It features a flat fee per transaction.
Anchor integrates with QuickBooks Online, enabling automatic synchronization of financial data. It also offers client portal access for invoice and payment history viewing, and automated payment reminders via email and SMS. Further integrations are not specified.
How does Anchor integrate with other tools?
Anchor integrates with QuickBooks Online, enabling automatic synchronization of financial data. It also offers client portal access for invoice and payment history viewing, and automated payment reminders via email and SMS. Further integrations are not specified.
Top Anchor competitors include Invoiced, Coupa, Xero, Payhawk, Odoo Invoicing, and ZarMoney. These alternatives offer similar features such as automated billing, online payments, and integrations with accounting software. They cater to various business sizes and offer diverse pricing models.
What the main competitors of Anchor?
Top Anchor competitors include Invoiced, Coupa, Xero, Payhawk, Odoo Invoicing, and ZarMoney. These alternatives offer similar features such as automated billing, online payments, and integrations with accounting software. They cater to various business sizes and offer diverse pricing models.
Anchor appears to be a legitimate platform. User reviews highlight its ease of use, automated features, and cost-effective pricing as key benefits. However, some users mention slow payment processing and limited customization options. Consider these factors when evaluating if Anchor is safe and suitable for your needs.
Is Anchor legit?
Anchor appears to be a legitimate platform. User reviews highlight its ease of use, automated features, and cost-effective pricing as key benefits. However, some users mention slow payment processing and limited customization options. Consider these factors when evaluating if Anchor is safe and suitable for your needs.
Anchor costs $5 per transaction. This all-in-one plan includes all features, making it a potentially worthwhile product for businesses seeking streamlined billing and payment solutions. There are no free trials or free plans available.
How much does Anchor cost?
Anchor costs $5 per transaction. This all-in-one plan includes all features, making it a potentially worthwhile product for businesses seeking streamlined billing and payment solutions. There are no free trials or free plans available.
Users consistently praise Anchor's customer service, describing it as "amazing," "world-class," and consistently helpful. Support representatives are commended for their responsiveness, knowledge, and willingness to assist with various issues. Several reviewers mention positive experiences with specific support staff.
Is Anchor customer service good?
Users consistently praise Anchor's customer service, describing it as "amazing," "world-class," and consistently helpful. Support representatives are commended for their responsiveness, knowledge, and willingness to assist with various issues. Several reviewers mention positive experiences with specific support staff.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.